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Business/Financial

CACI Reports Higher Sales And Earnings In Second Quarter

By Cal Biesecker

Thursday, February 4th, 2016

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CACI Reports Higher Sales And Earnings In Second Quarter

CACI President and CEO Ken Asbury

CACI International [CACI] on Wednesday reported higher sales and earnings in its second quarter driven by organic growth and lower interest expenses and taxes.Net income soared 23 percent to $30.3 million, $1.23 earnings per share (EPS), from $24.6 million ($1.01 EPS), topping consensus estimates by 7 cents per share. Sales edged up nearly 2 percent to $830.4 million from $815.4 million a year ago.CACI attributed the earnings gain to organic growth from existing and new business as well as acquisitions.…

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